Annual GDP growth (%) in Tuvalu
Tuvalu: Annual GDP growth (%) was 3.9% in 2023. ◆ Volatile
Latest (2023)
3.9%
Change on year
up 468.8%
World rank
87th
of 230 countries
All-time high
13.8%
in 2019
All-time low
-6.2%
in 2009
Years of data
24
2000–2023
Annual GDP growth in Tuvalu, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Tuvalu recorded 3.9% for annual gdp growth in 2023.
Compared with earlier readings it is up 468.8% on the previous year and down 11.4% over ten years.
Over the whole period, annual gdp growth in Tuvalu peaked at 13.8% in 2019 and was at its lowest, -6.2%, in 2009.
Tuvalu ranks 87th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Tuvalu, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -1.0% | — |
| 2001 | 0.0% | -100.0% |
| 2002 | 9.5% | — |
| 2003 | -4.3% | -145.7% |
| 2004 | -2.3% | -47.7% |
| 2005 | -4.7% | +104.7% |
| 2006 | 2.4% | -152.4% |
| 2007 | 7.1% | +192.9% |
| 2008 | 6.7% | -6.7% |
| 2009 | -6.2% | -193.7% |
| 2010 | -2.2% | -64.4% |
| 2011 | 6.8% | -406.8% |
| 2012 | -2.1% | -131.2% |
| 2013 | 4.3% | -304.3% |
| 2014 | 0.0% | -100.0% |
| 2015 | 10.4% | — |
| 2016 | 5.7% | -45.7% |
| 2017 | 2.4% | -56.7% |
| 2018 | 1.4% | -43.3% |
| 2019 | 13.8% | +896.3% |
| 2020 | -4.3% | -130.9% |
| 2021 | 1.8% | -142.2% |
| 2022 | 0.7% | -62.5% |
| 2023 | 3.9% | +468.8% |
Tuvalu compared with similar countries
- Tuvalu's 3.9% is above the median for upper middle income countries, which is 3.5%, 1.1× the median. (56 countries reporting)
- Tuvalu's 3.9% is above the median for East Asia & Pacific, which is 3.5%, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7% | -6.2% | 9.5% | 10 |
| 2010s | 4.1% | -2.2% | 13.8% | 10 |
| 2020s | 0.5% | -4.3% | 3.9% | 4 |
Countries ranked near Tuvalu
More economy & growth data for Tuvalu
- Real gdp growth, annual growth rate -23.54 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.95 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0829 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 501.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0616 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0606 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 365.88 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Tuvalu?
- Annual gdp growth in Tuvalu was 3.9% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Tuvalu?
- The highest recorded value was 13.8% in 2019.
- What is the lowest annual gdp growth recorded in Tuvalu?
- The lowest recorded value was -6.2% in 2009.
- How does Tuvalu rank for annual gdp growth?
- Tuvalu ranks 87th out of 230 countries with data for 2023.
- Is annual gdp growth rising or falling in Tuvalu?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).